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PHB vs. SPHY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between PHB and SPHY is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


-0.50.00.51.00.5

Performance

PHB vs. SPHY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Fundamental High Yield® Corporate Bond ETF (PHB) and SPDR Portfolio High Yield Bond ETF (SPHY). The values are adjusted to include any dividend payments, if applicable.

0.00%1.00%2.00%3.00%4.00%SeptemberOctoberNovemberDecember2025February
2.23%
4.25%
PHB
SPHY

Key characteristics

Sharpe Ratio

PHB:

1.83

SPHY:

2.62

Sortino Ratio

PHB:

2.61

SPHY:

3.85

Omega Ratio

PHB:

1.34

SPHY:

1.50

Calmar Ratio

PHB:

3.39

SPHY:

4.51

Martin Ratio

PHB:

10.64

SPHY:

18.69

Ulcer Index

PHB:

0.70%

SPHY:

0.55%

Daily Std Dev

PHB:

4.08%

SPHY:

3.95%

Max Drawdown

PHB:

-44.80%

SPHY:

-21.97%

Current Drawdown

PHB:

0.00%

SPHY:

0.00%

Returns By Period

In the year-to-date period, PHB achieves a 1.64% return, which is significantly lower than SPHY's 1.93% return. Over the past 10 years, PHB has underperformed SPHY with an annualized return of 3.98%, while SPHY has yielded a comparatively higher 4.62% annualized return.


PHB

YTD

1.64%

1M

0.55%

6M

2.23%

1Y

7.34%

5Y*

3.28%

10Y*

3.98%

SPHY

YTD

1.93%

1M

0.65%

6M

4.25%

1Y

10.42%

5Y*

4.46%

10Y*

4.62%

*Annualized

Compare stocks, funds, or ETFs

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PHB vs. SPHY - Expense Ratio Comparison

PHB has a 0.50% expense ratio, which is higher than SPHY's 0.10% expense ratio.


PHB
Invesco Fundamental High Yield® Corporate Bond ETF
Expense ratio chart for PHB: current value at 0.50% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.50%
Expense ratio chart for SPHY: current value at 0.10% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.10%

Risk-Adjusted Performance

PHB vs. SPHY — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PHB
The Risk-Adjusted Performance Rank of PHB is 7979
Overall Rank
The Sharpe Ratio Rank of PHB is 7676
Sharpe Ratio Rank
The Sortino Ratio Rank of PHB is 7777
Sortino Ratio Rank
The Omega Ratio Rank of PHB is 7777
Omega Ratio Rank
The Calmar Ratio Rank of PHB is 8686
Calmar Ratio Rank
The Martin Ratio Rank of PHB is 7878
Martin Ratio Rank

SPHY
The Risk-Adjusted Performance Rank of SPHY is 9494
Overall Rank
The Sharpe Ratio Rank of SPHY is 9494
Sharpe Ratio Rank
The Sortino Ratio Rank of SPHY is 9494
Sortino Ratio Rank
The Omega Ratio Rank of SPHY is 9393
Omega Ratio Rank
The Calmar Ratio Rank of SPHY is 9393
Calmar Ratio Rank
The Martin Ratio Rank of SPHY is 9494
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

PHB vs. SPHY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Fundamental High Yield® Corporate Bond ETF (PHB) and SPDR Portfolio High Yield Bond ETF (SPHY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.


Sharpe ratio
The chart of Sharpe ratio for PHB, currently valued at 1.83, compared to the broader market0.002.004.001.832.62
The chart of Sortino ratio for PHB, currently valued at 2.61, compared to the broader market-2.000.002.004.006.008.0010.0012.002.613.85
The chart of Omega ratio for PHB, currently valued at 1.34, compared to the broader market0.501.001.502.002.503.001.341.50
The chart of Calmar ratio for PHB, currently valued at 3.39, compared to the broader market0.005.0010.0015.003.394.51
The chart of Martin ratio for PHB, currently valued at 10.64, compared to the broader market0.0020.0040.0060.0080.00100.0010.6418.69
PHB
SPHY

The current PHB Sharpe Ratio is 1.83, which is lower than the SPHY Sharpe Ratio of 2.62. The chart below compares the historical Sharpe Ratios of PHB and SPHY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.001.502.002.503.003.50SeptemberOctoberNovemberDecember2025February
1.83
2.62
PHB
SPHY

Dividends

PHB vs. SPHY - Dividend Comparison

PHB's dividend yield for the trailing twelve months is around 5.29%, less than SPHY's 7.67% yield.


TTM20242023202220212020201920182017201620152014
PHB
Invesco Fundamental High Yield® Corporate Bond ETF
5.29%5.68%4.68%3.53%3.38%3.89%4.03%4.45%4.14%4.58%4.70%4.48%
SPHY
SPDR Portfolio High Yield Bond ETF
7.67%7.80%7.30%6.46%5.13%5.63%5.73%4.09%4.41%4.28%4.29%3.98%

Drawdowns

PHB vs. SPHY - Drawdown Comparison

The maximum PHB drawdown since its inception was -44.80%, which is greater than SPHY's maximum drawdown of -21.97%. Use the drawdown chart below to compare losses from any high point for PHB and SPHY. For additional features, visit the drawdowns tool.


-2.00%-1.50%-1.00%-0.50%0.00%SeptemberOctoberNovemberDecember2025February00
PHB
SPHY

Volatility

PHB vs. SPHY - Volatility Comparison

Invesco Fundamental High Yield® Corporate Bond ETF (PHB) has a higher volatility of 0.97% compared to SPDR Portfolio High Yield Bond ETF (SPHY) at 0.83%. This indicates that PHB's price experiences larger fluctuations and is considered to be riskier than SPHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.60%0.80%1.00%1.20%1.40%1.60%1.80%SeptemberOctoberNovemberDecember2025February
0.97%
0.83%
PHB
SPHY
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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